VP - Compliance, AML Risk, and Service Quality
Alfalah Asset Mgt Ltd
Total des années d'expérience :17 years, 3 Mois
• Regulatory Compliance Leadership:
o Spearheaded the interpretation and implementation of evolving financial regulations, ensuring continuous compliance.
o Developed and executed compliance policies and procedures aligned with dynamic regulatory requirements.
• Risk Management and Assessment:
o Conducted comprehensive risk assessments, identifying compliance risks and formulating effective mitigation strategies.
o Proposed and implemented measures to enhance the overall control environment and minimize compliance-related risks.
o Ensuring and Setting Exposure Limits to Securities, Derivatives, and Counter Parties.
• Anti Money Laundering (AML) Program Management:
o Managed the development, implementation, and enhancement of the AML program.
o Oversaw suspicious activity reporting, customer due diligence, and enhanced due diligence processes.
• Product, Policy Development and Implementation:
o Brainstorming on Product Design, liaising with Regulators for Product Approvals such as ETFs, Mutual Funds, Alternative Funds, Hedge Funds etc.
o Collaborated with cross-functional teams to create, revise, and communicate compliance policies.
o Ensured the seamless implementation of policy changes across relevant departments.
• Training and Awareness Programs:
• Conducted engaging training sessions to enhance staff awareness of compliance issues.
• Developed educational materials and resources to support ongoing staff education initiatives.
• Internal Controls Oversight:
• Established and monitored robust internal controls, preventing compliance breaches.
• Investigated reported compliance violations, implementing corrective actions as needed.
• Reporting and Communication:
• Prepared and submitted timely reports to regulatory bodies, maintaining transparency.
• Effectively communicated compliance-related updates and issues to senior management, STR Committee, and Board Committees.
• Audit Support and Management:
• Facilitated internal and external audits related to compliance.
• Collaborated with audit teams, addressing and resolving audit findings promptly.
• Audit Planning and Reporting:
• Reviewed and formulated the annual audit plan for trustee reports, ensuring alignment with SECP directives.
• Issued comprehensive reports on mutual funds' compliance with NBFC Rules & Regulations.
• Legal Compliance Oversight:
• Ensured AMCs operated mutual funds and REITs in strict adherence to relevant laws and exposure limits.
• Timely reported instances of non-compliance to seniors, AMCs, or SECP as mandated by law.
• Risk Identification and Process Enhancement:
• Identified key risks in operational processes, conducted regular control reviews, and initiated process re-engineering.
• Developed, initiated, and revised policies and procedures to prevent compliance breaches, fraud, and improper conduct.
• Implementing Compliance and Operational Systems for Cash & Physical Settlement Futures Contracts including Margin Management such as Initial Margin, Variation Margin etc.
• Enterprise Risk Management (ERM):
• Collaborated with the Champion User to conduct risk analysis, develop annual enterprise risk assessments, and manage organizational action plans.
• Addressed raised enterprise risks with a strategic and proactive approach.
• Contractual Risk Assessment:
• Conducted comprehensive reviews of service and business agreements, identifying potential risk issues.
• Performed Risk & Reward analysis for upcoming projects, facilitating cost-reduction opportunities.
• Audit Collaboration and Oversight:
• Liaised with internal and external auditors to maintain effective monitoring of financial operations.
• Ensured the alignment of financial operations with established risk management strategies.
• Business Continuity and Information Security:
• Supported business continuity planning (BCP) and Information Security Management team.
• Contributed to the design, implementation, and maintenance of coherent policies, processes, and systems for risk management.
• Spearheaded market validation, industry analysis, and financial modeling as a Financial Analyst for a specific project.
• Expanded role to C-Suite member overseeing Business Strategy, Marketing Management, Competitor Analysis, and Legal & Compliance.
• Coordinated global product rollouts, led long-range and annual planning, and improved financial statement quality and accuracy.
• Built trusted relationships with business units, finance teams, and corporate functions, including Treasury, Investor Relations, and Tax.
• Mentored and developed junior team members, contributing to team norms, mission, and goals.
• Actively participated in scaling the company from a startup to an enterprise, focusing on mature planning processes and finance best practices.
• Successfully developed a Minimum Viable Product for the first project and launched a Beta application without external funding.
• Strategic Planning and Execution:
o Collaborated with the Head of Department to develop and execute the company's business strategy.
o Conducted in-depth research and analysis of market trends and competitors to identify growth opportunities and areas for improvement.
o Formulated actionable plans aligned with the overall strategy to drive organizational success.
• Team Management:
o Led and managed a dynamic team, ensuring alignment with the company's strategic objectives.
o Worked closely with team members to develop actionable plans, fostering a collaborative and goal-oriented work environment.
o Ensured effective communication and alignment across the team, promoting a shared vision.
• Product Development:
o Oversaw the development of new products and services, collaborating with cross-functional teams.
o Coordinated efforts with research and development, marketing, and sales teams to ensure product alignment with company goals and values.
o Monitored project timelines, budgets, and quality standards to deliver high-quality products meeting customer needs.
• Stakeholder Liaison:
o Built and maintained strong relationships with various stakeholders, including regulators, management, rating agencies, and external parties.
o Kept stakeholders informed about the company's progress, initiatives, and future plans, fostering transparency and trust.
Review annual audit plan for the issuance of trustee report to be published along with financial statements of mutual
funds as directed by Security and Exchange Commission (SECP). The report states that the underlying fund has complied
with all NBFC Rules & Regulations.
Ensure that Asset Management Companies operate the mutual funds/ REITs in compliance to the relevant laws, such
as investment decisions that must be inline within the exposure limits.
Report on a timely basis to the seniors, AMCs, or the SECP when required by law, any non-compliance observed.
Identification of key risks in the processes, regular review of existing controls, re-engineering of process to eliminate
risks & non-value process with improved controls and efficiency.
Development, initiation, maintenance, and revision of policies and procedures for general operations and its related
activities to prevent breach of compliances, fraudulent acts, and improper conduct. These changes may arise due to
change in any existing regulatory framework such as introduction of any new rule or regulation.
Support the Champion User of the department to carry out risk analysis to develop, implement and managed annual
enterprise risk assessment and the organization action plan to address enterprise risks raised.
Review of service agreements, business agreements & identifying issues of potential risks.
Carry out Risk & Reward analysis of the upcoming projects and conduct reviews and evaluations for cost-reduction
opportunities.
Liaison with auditors (internal/external) to ensure appropriate monitoring of financial operations is maintained.
Supporting business continuity planning (BCP) & Information security Management team for designing,
implementing and maintaining a coherent set of policies, process and systems to manage risks.
